Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: Inventories Materials March 1 March 31 $240,000 $195,200 Work in process 428,700 510,400 Finished goods 582,100 614,400 Direct labor Materials purchased during March $3,200,000 2,673,500 Factory overhead incurred during March: Indirect labor 320,000 Machinery depreciation 213,000 Heat, light, and power 174,000 Supplies 36,100 Property taxes Miscellaneous costs 30,000 48,200 a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Costs Type Work in process inventory, March 1 Direct materials: Amount Amount Amount 428,700